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Presentation materials for financial results6395TADANO LTD.Machinery

Financial Results Presentation for the Second Quarter of Fiscal 2026 (January–June)

Revenue increased in January–June 2026, driven in part by the effects of TIS's acquisition, while the refund of U.S. tariffs and the elimination of one-off expenses also contributed to substantial increases in operating profit and net income. The full-year earnings and dividend forecasts remain unchanged from the initial plan.

Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
67
¥100 million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFY2026 second quarter (January–June 2026)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥182,581 million+10.8%
Operating profit¥14,878 million+82.1%
Ordinary income¥13,515 million+135.4%
Net income¥10,731 million+177.1%
Operating profit margin8.1%, up 3.1 percentage points year on year (5.0% a year earlier)
Full-year earnings forecast
Net Sales
¥400,000 million
Operating profit
¥25,000 million
Ordinary income
¥22,000 million
Net income attributable to owners of the parent
¥14,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Elimination of one-off factors¥3,100 million
  • Foreign Exchange Effects¥1,200 million
  • Impact of U.S. tariffs¥-1,600 million
  • Refund of U.S. tariffs¥2,900 million
  • Volume¥-900 million
  • Selling price¥2,900 million
  • Cost¥-1,500 million
  • Manitex consolidation¥-1,200 million
  • TIS consolidation¥800 million
  • Other¥1,007 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • USD exchange rate158 JPY/USD from July onward
  • EUR exchange rate184 JPY/EUR from July onward
New initiatives
  • Addition of the stationary LE business through the acquisition and consolidation of TIS
  • Revised the assumed exchange rates from July onward to JPY 158/USD and JPY 184/EUR
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥19,988 million
    Year on year against the same period last year+54.3%
  • Total demand for construction cranes8,240 Units
    Year on year against the same period last year+4.4%
  • Total construction crane market share11 %
    Year on year against the same period last yearDown 1 percentage point from 12% a year earlier
  • Overseas revenue ratio61.2 %
    Year on year against the same period last yearDown 7.1 percentage points from 68.3% a year earlier
  • Free cash flow¥4,760 million
    Year on year against the same period last year+3,655.0%
  • Net debt-to-equity ratio0.3 times
    Year on year against the same period last yearDown 0.02 points year on year
  • Inventory turnover period246 days
    Year on year against the same period last yearUp 22.8 days year on year
Segment results
Construction cranes
Net Sales¥10.27 billion (down ¥400 million year on year)
Truck-mounted cranes
Net Sales¥19.7 billion (up ¥400 million year on year)
Aerial Work Platforms
Net Sales¥15.8 billion (up ¥1.6 billion year on year)
Sales by Product
Construction cranes
¥102,700 million-3.8%
Truck-mounted cranes
¥19,776 million+20.1%
Aerial Work Platforms
¥15,811 million+10.0%
Mobile LE
¥167,391 million
Stationary LE
¥15,190 million
Parts and Services
¥23,971 million+13.1%
Material handling equipment
¥6,063 million
Market Size / Share
Total demand for construction cranes was 8,240 units (up 4.4% year on year), while the company's market share was 11% (12% a year earlier). Regional demand and market share are also provided.
Orders received and order backlog
A trend chart for RT and AT construction cranes is included, but specific amounts are not disclosed
Capital expenditures
¥7,149 million
Annual Dividend
¥34 per share
Interim17
End of period17
Payout ratio
30.7
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFY2026 second quarter (January–June 2026)
Net Sales¥182,581 million (YoY +10.8%)
Operating profit¥14,878 million (YoY +82.1%)
Ordinary income¥13,515 million (YoY +135.4%)
Net income¥10,731 million (YoY +177.1%)
Operating profit margin8.1%, up 3.1 percentage points year on year (5.0% a year earlier)
Full-year earnings forecastNet Sales ¥400,000 million / Operating profit ¥25,000 million / Ordinary income ¥22,000 million / Net income attributable to owners of the parent ¥14,000 million
Segment resultsConstruction cranes Net Sales ¥10.27 billion (down ¥400 million year on year) / Truck-mounted cranes Net Sales ¥19.7 billion (up ¥400 million year on year) / Aerial Work Platforms Net Sales ¥15.8 billion (up ¥1.6 billion year on year) / Sales by Product Construction cranes ¥102,700 million (YoY -3.8%) / Truck-mounted cranes ¥19,776 million (YoY +20.1%) / Aerial Work Platforms ¥15,811 million (YoY +10.0%) / Mobile LE ¥167,391 million / Stationary LE ¥15,190 million / Parts and Services ¥23,971 million (YoY +13.1%) / Material handling equipment ¥6,063 million
Breakdown of Factors Affecting the ChangeFactors Elimination of one-off factors / Amount ¥3,100 million, Factors Foreign Exchange Effects / Amount ¥1,200 million, Factors Impact of U.S. tariffs / Amount ¥-1,600 million, Factors Refund of U.S. tariffs / Amount ¥2,900 million, Factors Volume / Amount ¥-900 million, Factors Selling price / Amount ¥2,900 million, Factors Cost / Amount ¥-1,500 million, Factors Manitex consolidation / Amount ¥-1,200 million, Factors TIS consolidation / Amount ¥800 million, Factors Other / Amount ¥1,007 million
Key KPIsIndicator name EBITDA / Value ¥19,988 million / Year on year against the same period last year ¥54.3 million, Indicator name Total demand for construction cranes / Value 8,240 Units / Year on year against the same period last year 4.4 Units, Indicator name Total construction crane market share / Value 11 % / Year on year against the same period last year Down 1 percentage point from 12% a year earlier, Indicator name Overseas revenue ratio / Value 61.2 % / Year on year against the same period last year Down 7.1 percentage points from 68.3% a year earlier, Indicator name Free cash flow / Value ¥4,760 million / Year on year against the same period last year ¥3,655 million, Indicator name Net debt-to-equity ratio / Value 0.3 times / Year on year against the same period last year Down 0.02 points year on year, Indicator name Inventory turnover period / Value 246 days / Year on year against the same period last year Up 22.8 days year on year
Assumptions Underlying the Business OutlookItem USD exchange rate / Value 158 JPY/USD (from July onward), Item EUR exchange rate / Value 184 JPY/EUR (from July onward)
Annual Dividend¥34 per share
Payout ratio30.7
Capital expenditures¥7,149 million
Orders received and order backlogA trend chart for RT and AT construction cranes is included, but specific amounts are not disclosed
Market Size / ShareTotal demand for construction cranes was 8,240 units (up 4.4% year on year), while the company's market share was 11% (12% a year earlier). Regional demand and market share are also provided.
New initiativesAddition of the stationary LE business through the acquisition and consolidation of TIS, Revised the assumed exchange rates from July onward to JPY 158/USD and JPY 184/EUR
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to the effects of TIS's acquisition. Operating profit increased due to higher revenue, the refund of U.S. tariffs, improved selling prices, and the elimination of ¥3.1 billion in one-off expenses, including acquisition-related costs. Net income increased due to higher operating profit and extraordinary gains, including the reversal of expenses related to the restructuring of European plants. The full-year forecast was left unchanged because, despite positive factors such as the U.S. tariff refund and foreign exchange effects, the outlook remains uncertain due to factors including the impact of the situation in the Middle East.

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